"When one door closes, another opens; but we often look so long and so regretfully upon the closed door that we do not see the one which has opened for us."

Alexander Graham Bell

After a multi-million dollar makeover, look for Hotel Monticello to reopen in April as The Graham Georgetown.That makes two Georgetown buildings named after the inventor of the telephone. Bell's art deco Volta Laboratory and Bureau (now known as the Georgetown Heating Plant) is currently being sold.

Florida-based Mast Capital acquired the property in November 2011. CEO Camilo Miguel Jr. explained his company's interest, "DC is one of the most exclusive hospitality markets in the country. It's a rare acquisition opportunity, and Georgetown in particular has extremely high barriers to entry." He added, "The cultural climate of historic Georgetown also proved inspiring. The people, the energy and the sophistication of the clientele all contribute to the uniqueness of this location."